Transcontinental Gas to repay revolver debt with notes proceeds

By Sara Rosenberg

New York, May 19 - Transcontinental Gas Pipe Line Corp. plans to repay borrowings under its revolving credit facility using $175 million of the proceeds from a $250 million senior notes offering, according to a news release.

Remaining proceeds will be used for general corporate purposes, including the funding of capital expenditures.

Transcontinental Gas Pipe Line is a wholly owned subsidiary of Williams Cos. Inc., a Tulsa, Okla.-based natural gas company.

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